CHICAGO—After a one-year struggle, Wicker Park Apartments Inc., a local developer, has finally succeeded in getting title via a foreclosure sale of 1515-1517 W. Haddon St., a triangular Wicker Park property near the CTA’s Blue Line stop at Division St. The company also just obtained an $8,175,000 construction loan from Chicago-based Wintrust and begun work at the property on a 40-unit development called Wicker Park Lofts.

“We are constructing a soft loft rental apartment building that will be a six-story structure and takes advantage of the property’s unique shape,” says Mark Sutherland, principal of Wicker Park Apartments Inc. “Studios, one, two and three-bedroom units will feature top-of-the-line finishes and state-of-the-art design elements. The fourth, fifth and six floors will have breathtaking city views.”

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